Cencora Inc. (COR)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 262,297,100 | 253,214,000 | 245,733,700 | 239,100,500 | 233,423,100 | 230,290,700 | 227,945,100 | 221,413,400 | 213,549,800 | 207,045,600 | 198,100,500 | 190,724,100 | 189,132,800 | 184,702,000 | 181,257,200 | 181,124,100 | 176,989,400 | 174,450,800 | 172,262,200 | 170,185,200 |
| Inventory | US$ in thousands | 18,652,200 | 17,454,800 | 16,852,300 | 16,955,200 | 16,779,900 | 15,556,400 | 15,823,400 | 15,514,900 | 16,293,900 | 15,368,400 | 14,996,400 | 12,954,700 | 13,179,000 | 12,589,300 | 11,849,200 | 11,102,600 | 11,686,500 | 11,060,300 | 11,247,800 | 11,373,700 |
| Inventory turnover | 14.06 | 14.51 | 14.58 | 14.10 | 13.91 | 14.80 | 14.41 | 14.27 | 13.11 | 13.47 | 13.21 | 14.72 | 14.35 | 14.67 | 15.30 | 16.31 | 15.14 | 15.77 | 15.32 | 14.96 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $262,297,100K ÷ $18,652,200K
= 14.06
The inventory turnover of Cencora Inc. has been relatively stable over the past eight quarters. It ranged from 13.91 to 14.80, indicating that, on average, the company sold and replaced its inventory between 13.91 to 14.80 times a year.
A consistently high inventory turnover ratio suggests that the company effectively manages its inventory by quickly converting it into sales, minimizing holding costs and potential obsolescence. However, it's important to investigate the industry average and compare it with the company's ratio to gain a deeper understanding of its performance relative to peers.
Peer comparison
Dec 31, 2023
Dec 31, 2023